Energy majors are urged to provide plans for climate policy risks

10/31/2013 | CBC.ca (Canada)

Ceres and Carbon Tracker Initiative have requested that several energy majors, including ExxonMobil and Royal Dutch Shell, disclose their plans for facing risks associated with climate change policies. "Part of it is to better understand whether [oil and gas companies] are or are not factoring climate change and other risks into their decisions. Part of the problem for investors is that the level of disclosure for the industry right now is quite poor. It's very hard to know who's on top of this and who's a laggard," said Andrew Logan, director of oil and gas programs at Ceres.

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